This is to inform that the Board of Directors of Swaraj Engines Limited ( the Company ) at its meeting held today i.e. 30th March, 2026, basis the recommendation of Nomination and Remuneration Committee, inter alia considered and approved the appointment of Mr. Sanjay Kshirsagar as Chief Executive Officer (Designate) of the Company with effect from 10th April, 2026.The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 are given in Annexure A to this letter.The meeting of the Board of Directors of the Company concluded at 5:30 P.M.This intimation is also being uploaded on the Company s website at www.swarajenterprise.com.You are requested to kindly note the same. This is for your information.
SWARAJENG · price
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Swaraj Engines Limited has announced the appointment of Mr. Sanjay Kshirsagar as the Chief Executive Officer (Designate) of the company, effective from 10th April 2026. He will also serve as a Senior Management Personnel (SMP). Mr. Kshirsagar is a Mechanical Engineer with a postgraduate degree in Financial Management and brings over 34 years of experience, currently overseeing Engine Plants at Mahindra & Mahindra (M&M) at Chakan and Igatpuri. He has a 25-year tenure at Mahindra and has led manufacturing operations, volume ramp-ups (about 3x in five years), and digitalization initiatives for products like Scorpio, Thar, XUV700, and Bolero Pickup. The appointment was approved by the Board on 30th March 2026 based on the recommendation of the Nomination and Remuneration Committee.
This is a routine top-level leadership appointment that brings in an experienced operations leader from the promoter group (M&M), which may reassure investors about continuity. No immediate material impact on stock price is expected from the announcement itself.